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Hybrid sales on pace for another record-breaking year

Hybrid vehicles are on track to reach record sales this year, an auto information company said Thursday, according to USA Today.

An estimated 187,000 hybrids were sold in the first six months of 2007, accounting for 2.3% of all new vehicle sales, according to J.D. Power and Associates. Although a sales slowdown is expected in the second half of the year, J.D. Power is forecasting total sales of 345,000 hybrids for the year, a 35% increase from 2006 when the current record of 256,000 hybrids were sold.

The Toyota (TM) Prius continues to be the best-selling hybrid model, accounting for just more than half of all hybrids sold. J.D. Power said Prius sales also got a boost this year from incentives of up to $2,000 per vehicle, which helped offset a decrease in federal tax breaks for hybrids.

Posted by Peter C. T. Elsworth  at 11:54 AM to Alternative fuels , Environment , Fuel economy , Toyota | Permalink

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